Stephen Miran Resigns From White House as Fed Term Stretches On
The New York Times • • business
Key Points:
- Stephen Miran announced his resignation from his White House advisory role after serving as a Federal Reserve governor, fulfilling his prior commitment to leave once a replacement is confirmed.
- Miran had taken a leave from advising President Trump to join the Federal Reserve, initially planning to return to his White House role after his Fed term ended on Saturday.
- He has continued to serve at the Fed pending the appointment of a successor, during which time he pledged to focus on the Fed’s mandates of maximum employment and stable prices.
- Miran’s resignation ends concerns from Democrats about his dual role potentially compromising the Fed’s political independence, as he had been a vocal critic of the Fed’s policies and aligned with some of Trump’s economic views.
